Karnataka CM Shettar indebted to wife and brother

The asset value of Karnataka chief minister Jagadish Shettar has increased four times than that of his wife Shilpa Shettar, but he is literally indebted to her and brother Pradip Shettar, going by the affidavit filed by him along with his nomination papers in Hubli.

Shettar, seeking a fifth win from a constituency in Hubli in the May five Assembly polls, has a loan of Rs 18.97 lakh, the affidavit said. He has to pay Rs 7.51 lakh to his family members and Rs 4.5 lakh to brother Pradip Shettar. He has taken a loan of Rs 6.96 lakh from his wife as well.

The value of assets belonging to Shettar has increased considerably by over four times and that of his wife doubled in the last five years, according to the affidavit.

He had immovable assets worth Rs 78 lakh in 2008, which has now gone up to Rs 3.64 crore. And his family, which has no vehicles now, has maintained the same quantity of gold of 1,310 gm as it had in 2008. The chief minister holds 20% share in three acres of agricultural land in Chavargudda near Hubli and owns two plots, one in Keshwapur (1,383 sq.ft) in Hubli and another in RT Nagar in Bangalore measuring 3,991 sq.ft.